Audio Column by Thomas Wood

Tracking futures Ah, October. Leaves turning, football crowds cheering, developing economies tanking, stock markets crashing. The memories return every autumn, with Proustian clarity. At any time of the year, it would take a certain chutzpah to claim that the wild bull market of the 1990s is going to keep charging higher and higher. But to do so in October is to exhibit either reckless...